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The following information is available from the annual reports of Wildhorse Company and Ayayai Inc. ( Amounts in millions ) Sales revenue Cost of goods

The following information is available from the annual reports of Wildhorse Company and Ayayai Inc.
(Amounts in millions)
Sales revenue
Cost of goods sold
Operating expenses
Income before taxes
Net income
Wildhorse
$30,850
20,000
7,030
4,540
1,800
Ayayai
$44,600
26.800
9,190
6,680
3,750
(a)
Calculate the profit margin and gross profit rate for each company.

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